Form 4: PPG Industries Senior VP & CFO Reports Acquisition of Phantom Stock Units

Vincent J. Morales, Senior VP & CFO of PPG Industries, reports acquiring phantom stock units convertible to common stock after termination of employment.

Summary

• Vincent J. Morales, Senior VP & CFO of PPG Industries, filed a Form 4 on November 1, 2024, reporting a transaction on October 31, 2024.
• Morales acquired 30.2079 phantom stock units, which convert to common stock on a one-for-one basis after termination of employment.
• The price of the derivative security is $124.51.
• Following the reported transaction, Morales beneficially owns 17,880.1313 phantom stock units in the PPG Industries, Inc. Deferred Compensation Plan.
• These units represent interests in an unfunded unitized company stock fund comprised of stock and cash.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, and the transaction itself doesn't indicate a particularly positive or negative outlook.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider ownership.

Key Dates